WHAT IS ERECTION ALL RISK?
Erection All Risks (EAR) insurance provides cover for machinery installation and refurbishment, and is available on a single risk or annual basis. Similar to Contractors' All Risks insurance, the policy can be arranged in the name of the contractor, the principal or joint names depending on the project requirement.
COVERAGE
EAR policy provides cover for:
- machinery from the commencement of loading for despatch to site (including transit and incidental storage)
- erection and installation of plant and machinery during the construction period
- defective design and machinery breakdown, where selected,during testing and commissioning
- free issue materials where these are included in the declared values
EXCLUSIONS
- War
- Invasion
- Act of foreign enemy
- Civil commotion
- Military or usurped power
- Willful act or willful negligence of the Insured or of his responsible representative;
- Cessation of work whether total or partial
- Inventory losses
- Manufacturing / design defects
- Consequential loss
